SEC Form 4 · accession 0001562180-17-001798
SVB FINANCIAL GROUP · SIVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kamran F Husain
Officer — Chief Accounting Officer
Period of report
May 2, 2017
Accepted (ET)
May 4, 2017 · 8:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000719739
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 2, 2017 | M | 442 | — | A | 912 | D | |
| Common StockF2 | May 2, 2017 | F | 167 | $178.39 | D | 745 | D | |
| Common Stock | holding | — | — | — | 313 | I | By 401(k)/ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F3 | $0.00 | May 2, 2017 | M | 442 | D | — | May 2, 2023 | Common Stock | 442 | 1,326 | D |
| Restricted Stock UnitF1,F4 | $0.00 | May 2, 2017 | A | 1,133 | A | — | May 2, 2024 | Common Stock | 1,133 | 1,133 | D |
| Stock OptionF5 | $178.39 | May 2, 2017 | A | 1,216 | A | — | May 2, 2024 | Common Stock | 1,216 | 1,216 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
- F2Shares withheld by Issuer for payment of tax liability incurred upon vesting of restricted stock units.
- F325%/4yr beginning on 02-May-2017.
- F4Restricted stock units are subject to annual vesting in equal installments on May 2, 2018, May 2, 2019, May 2, 2020, and May 2, 2021.
- F5The grant of stock options are subject to annual vesting in four equal installments on the anniversary date of the grant, 25% on each of the successive anniversary dates. The exercise price of the stock options is determined based on the closing price of SVB's common stock on the date of grant.